Onpoint Group, LLC 401(k) Review & Grade
Onpoint Group, LLC 401(k) Plan
Perryburg, OHWholesale Trade1,782 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$999Employer $ per active participant
$4,662Employee $ saved per active participant
0.42%Direct admin cost, % of plan assets
$60.4MNet plan assets, end of year
$50,356Average balance per account
Score breakdown
- Employer generosity11.6 / 5023th percentile for employer $ per participant
- Low cost7.2 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 29th |
| Employee saving | 50th |
| Peers that auto-enroll | 53% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $86,786 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Onpoint Group put in about $999 per active participant, below the typical peer ($1,792). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.42% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,780,389 |
| Participant (employee) contributions | $8,310,207 |
| Other contributions (incl. rollovers in) | $1,289,845 |
| Administrative expenses paid from the plan | $244,207 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $75,000 |
| Benefits paid out | $5,241,549 |
| Net assets, start / end of year | $55.4M / $60.4M |
| Active participants, start / end of year | 1,862 / 1,703 |
| Participants with account balances | 1,200 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Flagel Huber Flagel |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $152,907 reported compensation |
| NFP Retirement Inc | $75,000 reported compensation |
| Flagel Huber Flagel & Co | $16,300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250909151049NAL0012666099001, received 2025-09-09, EIN 20-3601140, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.